At Investor Junkie, we reviewed over 100 investing and personal finance services. Our goal is to bring you the most honest, simple, and informative reviews. Turns out, users also want to compare specific services.
This review compares Ellevest and Vanguard Personal Advisor Services. The better service depends on your needs. So let's dive in!
According to our readers (you!), when it comes to robo advisors, people care most about the fees, minimum investment requirements, and whether or not the service supports for 401(k) plans. Let's look at how Ellevest and Vanguard Personal Advisor Services stack up against each other on these threads.
To start, we will compare the fees for trading with both robo advisors. Ellevest has a fees starting at 0.25% fee per year. To contrast, Vanguard Personal Advisor Services has annual fees of 0.30%.
When it comes to fees, Ellevest is the cheaper service.
Let's consider the minimum investment that's required to use both Ellevest and Vanguard Personal Advisor Services.
At $0, Ellevest requires a smaller minimum deposit.
When it comes to support for 401(k) plans, there is a clear line of division. Ellevest does offer support for 401(k) plans, while Vanguard Personal Advisor Services does not. If you are someone who wants help on your employee-sponsored retirement account, Ellevest will be your option.
Overall, Ellevest gets a 7.5/10 rating, while Vanguard Personal Advisor Services gets a 8/10 rating. For more information on either service, you can read our full reviews on Ellevest and Vanguard Personal Advisor Services.
Ellevest is a robo advisor investing platform that targets women specifically. It can offer custom plans that are tailored to the needs of women. A good argument can be made for the necessity for taking women's particular situations into accounts. After all, they tend to live longer yet earn less. However, is a completely separate robo advisor really needed? We'll let you be the judge after reading our review.
About Vanguard Personal Advisor Services
A solid entry into the robo advisor space, Vanguard Personal Advisor Services is backed by the trusted Vanguard brand and features real, live human advisors you can call. Unfortunately, the service requires a hefty $50k deposit, which excludes many beginning investors.
|Review||Ellevest Review||Vanguard Personal Advisor Services Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||Get up to $750 Cash Back||None|
|Account Fees||0.25%/year; Premium - 0.50%/year||0.30%/year|
|Accounts Available||Taxable, Roth IRA, Traditional IRA||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, SIMPLE IRA, Trusts|
|Advice||Human Assisted||Human Assisted|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting||No||No|
|Retirement Planning Tools||No||No|
|Automatic Deposits||Monthly, Bimonthly and Quarterly||Weekly, Biweekly, Monthly and Bimonthly|
|Socially Responsible Investing||No||No|
|Invests in Commodities||No||No|
|Invests in Real Estate||Yes||Yes|
How can you access the sevice? Website only? Via smartphone app?Access
|Website||Website, iOS App, Android App|
More security to prevent unauthorized access to your account.Two-Factor Authentication
|Customer Service||Phone; Email||Phone M-F 8A-8P ET; Email M-F|
|Assets Under Management||$25M||$101B|
|Number of Accounts||5K||N/A|
|Sign Up||Sign Up|